https://www.taxtmi.com/caselaws?id=433301 For computation under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, an amount actually paid before issuance of the show cause notice had to be credited under section 124(2) of the Finance Act, 2019. The provision requires deduction of any amount paid as a pre-deposit or during enquiry, investigation or audit, and the accounting code used for recording the payment does not control entitlement to credit. A restrictive reading based on departmental classification would defeat the Scheme's beneficial, settlement-oriented object. The Designated Committee's exclusion of the pre-notice interest payment was therefore unsustainable. en-us Fri, 13 Jan 2023 00:00:00 +0530 Fri, 21 Jun 2024 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433301 For computation under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, an amount actually paid before issuance of the show cause notice had to be credited under section 124(2) of the Finance Act, 2019. The provision requires deduction of any amount paid as a pre-deposit or during enquiry, investigation or audit, and the accounting code used for recording the payment does not control entitlement to credit. A restrictive reading based on departmental classification would defeat the Scheme's beneficial, settlement-oriented object. The Designated Committee's exclusion of the pre-notice interest payment was therefore unsustainable. Case-Laws Service Tax Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433301